Earnings for Big Oil Backpedal as Natural Gas Prices Tumble

Natural gas earnings are down in the first quarter of 2024.

U.S. and European oil companies reported natural gas was weaker first-quarter results due to a significant price drop. This decline follows record profits in 2022 driven by post-pandemic demand and price spikes after Russia invades Ukraine. In the U.S., Exxon Mobil missed earnings targets, while Chevron exceeded expectations with strong U.S. oil production. French oil…

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